Foreign Account Filings Top One Million Says the IRS, Filing Requirements

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The IRS is targeting offshore, U.S. citizens and tax filing requirements.  This is a press release sent to IRS tax professionals recently. Foreign Account Filings Top 1 Million; Taxpayers Need to Know Their Filing Requirements WASHINGTON – Strong and sustained growth of taxpayers complying with foreign financial account reporting reflects improving awareness and compliance of […]

Tax Deductions3000x2000

Tax Credits Cut Taxes, Home Energy Credits

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Home Energy Credits Save Money and Cut Taxes You can trim your taxes and save on your energy bills with certain home improvements. Here are some key facts to know about home energy tax credits: Non-Business Energy Property Credit  Part of this credit is worth 10 percent of the cost of certain qualified energy-saving items […]

Tax brackets

Taxes and Early Retirement Distributions

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Early Retirement Distributions and Your Taxes Many people find it necessary to take out money early from their IRA or retirement plan. Doing so, however, can trigger an additional tax on top of the income tax you may have to pay. Here are a few key points to know about taking an early distribution: 1. Early […]

Tax Deductions3000x2000

The IRS Child Tax Credit is Worth $1000 Per Child

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The Child Tax Credit is an important tax credit that may save you up to $1,000 for each eligible qualifying child. Be sure you qualify before you claim it. Here are five useful facts from the IRS on the Child Tax Credit: 1. Qualifications. For the Child Tax Credit, a qualifying child must pass several tests: […]


Average 7 Percent Interest Investments

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The way to build wealth for middle income tax-payers has changed since the Internet has become dominate in finances. Today, stocks, the Forex market,  real estate investing, off-shore investments, real estate developments, buying gold and silver, purchasing foreign currency for long-term speculations, plus much more, are initiated online, and many cases completed online. In the […]